I am kind of thinking this too: A ‘proper’ economic downturn is looming, which could trigger steep rate cuts as soon as this year, economist says (msn.com)
Locally, 2 well known chain restaurants just closed their doors, and even the local Nissan dealership announced it has closed. Wider afield, many businesses have announced layoffs.
Something seems to be happening – not 2008-2010 level downturn, but more of a 6-9 month slowed economy or maybe even a recession – to be followed by the Fed manipulating interest rates downward.
Something’s happening.
